New Delhi: Air India's financial distress is now threatening the revenues of airports as well. Dues of AI to Delhi airport have mounted to over Rs 340 crore and the airline has been unable to clear them for months. Claiming survival troubles, the GMR-backed Delhi International Airport Pvt Ltd (DIAL) has suggested to the government that its dues from the public sector airline should be adjusted against the revenue share that it pays to Airports Authority of India (AAI) every month.
DIAL pays about Rs 58 crore per month to AAI as 46% revenue share according to IGI Airport's privatisation agreement. "This amount could be gradually adjusted against the revenue shared monthly with AAI till AI begins making payments. Once the government infuses equity into AI, the aviation ministry may directly give the amount that is being proposed to be deducted, directly to AAI," said top Delhi airport sources.
DIAL put Kingfisher on cash-and-carry following which the troubled airline is making current payment and clearing dues very gradually, they added.
27/01/12 Saurabh Sinha/Times of India
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